According to Bloomberg, there’s more than $600b in corporate bonds (including mortgage-backed issuance) outstanding in Australia — that’s around 30%…
Written by Katherine Sadler Published: August 27 2019 Investments
David Koch, finance expert, joins Cashwerkz as guest presenter of our video series, “Make Your Cash Werk”. In Episode 3, Kochie looks at ‘Cash Drag’ and the affect it has on Australian investors. Cash Drag occurs when money is allowed to sit idle without earning a return, for example money left in low interest rate bank accounts or trading accounts. If your money isn’t working for you, it’s going backwards. Inflation erodes the value of money, and reduces the purchasing power of money left idle without earning a return.
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